Moving MONEY overseas

[Danielb4643 0]

Hi all,

With the interview looming I need to start making plans for the big move.

In peoples experience, what is the best way to move sums of money overseas, I would like to use the best possible way without losing too much in horrible charges.

Can anyone assist with this?

Cheers

Danny n Sami!

[No-Where-Man 147]

It depend on how much and where

In my experience:

Use westernunion in small amounts (and I mean small), cz using westerunion in small amounts up to 1000 will be cheap and fast

Use banks for big amounts, becuase most of them have a PRICE PER ITEM, which means you pay one price regardless how much you are sending and where

Chase is my bank for example, charge $40.00 per item , so I sent an amount between $10,000.00 and $15,000.00 and it cost me only 40 dollars, while it would cost me 250 to send with wstern, banks takes 3 business days(nearly.

and I do recommend banks if you are not in a hurry though.

hope that answers your question

In westernunion it would cost me

Hi all,

With the interview looming I need to start making plans for the big move.

In peoples experience, what is the best way to move sums of money overseas, I would like to use the best possible way without losing too much in horrible charges.

Can anyone assist with this?

Cheers

Danny n Sami!

Edited August 12, 2011 by no_where_man

[nottoolong 1]

It depend on how much and where

In my experience:

Use westernunion in small amounts (and I mean small), cz using westerunion in small amounts up to 1000 will be cheap and fast

Use banks for big amounts, becuase most of them have a PRICE PER ITEM, which means you pay one price regardless how much you are sending and where

Chase is my bank for example, charge $40.00 per item , so I sent an amount between $10,000.00 and $15,000.00 and it cost me only 40 dollars, while it would cost me 250 to send with wstern, banks takes 3 business days(nearly.

and I do recommend banks if you are not in a hurry though.

hope that answers your question

In westernunion it would cost me

Moneygram is a good alternative. They only accept cash, which is a good thing. I go to my local CVS and take care of it there. I've sent at most $500 at once and the charge was around $29. I can't comfirm that as it was a while ago, but it's in that ballpark. Western Union has high fees and if you use your credit card, they zap you there as well. I don't have any experience working with banks, though my fiancee's aunt here has sent larger amounts of money with respectable fees. Hope that helps.

[pushbrk 12,234]

Hi all,

With the interview looming I need to start making plans for the big move.

In peoples experience, what is the best way to move sums of money overseas, I would like to use the best possible way without losing too much in horrible charges.

Can anyone assist with this?

Cheers

Danny n Sami!

As others have mentioned, it really depends on how much you're moving. If you're making a move and bringing less than $10,000 I would just bring the cash. If not, comfortable with that, then wire transfer the money to a US bank account. Check out the options available and do the math, then apply your comfort level.

[ameribrit 37]

Hi all,

With the interview looming I need to start making plans for the big move.

In peoples experience, what is the best way to move sums of money overseas, I would like to use the best possible way without losing too much in horrible charges.

Can anyone assist with this?

Cheers

Danny n Sami!

Personally I chose to use the post offices's international payment method here http://www2.postoffice.co.uk/finance/making-payments/post-office-international-payments to move my money into my fiancee's account. Very good and easy website to use. And the more you transfer the better the exchange rate.

[Danielb4643 0]

Personally I chose to use the post offices's international payment method here http://www2.postoffice.co.uk/finance/making-payments/post-office-international-payments to move my money into my fiancee's account. Very good and easy website to use. And the more you transfer the better the exchange rate.

Brill thank you everyone, I am going to give the Post office a try as I trust them and have used them for other things (Post!)

Thank you again!

DnS

[StvM 1]

Or you can open separate bank account and send out debit card. For example, TD Bank uses market conversion for foreign funds and have daily limit on $756 for withdrawal. They charge $2 for non-TD ATM use, but as long as the other ATM doesn't charge fee, you end up paying only $2 for $754 withdrawal at good rate. Beats all money transfers and such.

[clarence954 20]

I opened an ally checking account and sent the card to my fiancee. It's a 500 dollar a day atm limit and there's no fee's on atm world wide. for point of sale purchase it's a 2500 dollar a day limit.

If a certain bank charge a fee for the atm you will be reimburse at the end of the billing cycle.

the only down side is it takes 2 business days for a transfer.

Edited August 17, 2011 by clarence954

[Danielb4643 0]

Brill, thank you everybody!

I don't have a great deal of cash but every little counts!